The Global Lift Support Market size is projected to grow from USD 1.7 billion in 2018, with a CAGR of 5.8% during the forecast period (2021-2028). The major factors driving this growth are increasing demand for passenger cars and SUVs across the globe, growing adoption of safety standards by OEMs, and rising number of accidents resulting due to faulty door locks or malfunctioning tailgate latches. Various factors including developing economies such as China and India that are in need of better transportation system, the introduction of new technologies in the automotive industry, increasing demand for passenger cars globally, and rise in vehicle ownership rates will drive the growth of the global lift support market over 2021-2028.
Lift Support is a device or system that helps people get in and out of vehicles. It may include devices such as ramps, hoists, lifts, stairlifts, etc. Various types of lift supports are available depending on the needs of an individual. Some common examples are Trunk Lid Supports which help to open heavy lids from tight spaces; Hood Lifters where it can be used to pull up hoods so they don't fly up when opening doors; Door Supports could be mounted inside the door frame for ease getting into and exiting cars without bending over while Tailgate/Hatch Supports have been found helpful by those who need assistance loading items onto flatbed trucks due to injury or disability
On the basis of Type, the market is segmented into Trunk Lid Supports, Hood Lifters, Door Supports, and Tailgate/Hatch Supports.
Trunk lid supports are used to keep the trunk of a vehicle from opening too far. The slant or angle of the top edge is adjusted so that it can be opened without interfering with any other body panels which would cause damage if they became caught on one another. Trunk lid supports also help reduce excessive wear and tear on the latch mechanism because when closed, there's less resistance against gravity from dragging over surfaces like concrete.
Most often found in rear-engine cars (such as Saab), most hatchbacks will have this feature built into their design for safety reasons. Some models offer removable trunk lids where an owner may choose not to use this accessory; otherwise, these types of vehicles lack them altogether.
A hood lift, also known as a car jack or jacking point is used to raise the front of a vehicle so that repairs can be made underneath. The lifting panel on automobile roofs and trunk lids are typically constructed from metal and may sometimes have rubber strips for sound insulation. When open, it provides access to the engine compartment. The lifting panel on automobile roofs and trunk lids are typically constructed from metal with rubber strips for sound insulation when opening up.
Door support is a device that prevents the door from falling and hitting the ground when opened. Dorma Door Support, for instance, is an easy-to-install product that can be fitted in minutes without any drilling or screws required. The device consists of two rubber pads with ball-bearing joints on both ends – one at the top of the frame and another just above the bottom edge of it. These parts are connected by elastic bands that stretch across them and maintain tension all around; thus creating some pressure against gravity forces created by opening doors. This makes sure they hold open even after shutting down gradually until you release your hand from them.
Tailgate/Hatch Supports is designed to provide a more stable and secure loading surface for your cargo. The support panel can be factory-installed or retrofitted into any vehicle, providing an extra layer of stability when you load larger items on top of it.
On the basis of Application, the market is segmented into HCV, LCV, and Passenger car. Passenger car market lift supports are widely used in the automotive industry. The growth of these applications is attributed to higher demand for vehicles and increased safety features within cars. The HCV segment/ passenger car segment accounted for the largest share of the global lift support market in 2016 and is likely to maintain its dominance during the forecast period.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the North American region is currently driven by high demand for vehicles with increasing safety features as well as regulations on vehicle stability from government agencies.
In terms of volume share, the European region accounted for the second-largest share owing to a rise in technology innovations and an increased number of passenger car sales across various geographies due to economic development. In contrast, APAC followed closely behind accounting for 31% of total lift supports production which can be attributed to an increase in population density coupled with higher disposable income leading to greater adoption rates among consumers.
Up Market Research published a new report titled “Lift Support Market research report which is segmented by Types (Trunk lid, Hood, Door, Tailgate, Hatch, Glass, Others), By Applications (HCV, LCV, Passenger car, Non-automotive), By Players/Companies AMS Automotive, Monroe, LST, Crown Equipment Corporation, Rugged Ridge, Suspa, Stabilus, First Equipment Quality, Boge, Omix, AC Delco”.
|Report Attributes||Report Details|
|Report Title||Lift Support Market Research Report|
|By Type||Trunk lid, Hood, Door, Tailgate, Hatch, Glass, Others|
|By Application||HCV, LCV, Passenger car, Non-automotive|
|By Companies||AMS Automotive, Monroe, LST, Crown Equipment Corporation, Rugged Ridge, Suspa, Stabilus, First Equipment Quality, Boge, Omix, AC Delco|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||206|
|Number of Tables & Figures||145|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Trunk lid, Hood, Door, Tailgate, Hatch, Glass, Others and By Application HCV, LCV, Passenger car, Non-automotive.
Some of the companies that are profiled in this report are:
Lift Support Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Lift Support Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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